6 bed end terrace house for sale

Fairbridge Road, London N19

An end of terrace building arranged to provide two self-contained flats (1 x two-bedroom and 1 x four-bedroom), fully let and producing a current rental income of £87,600 per annum.

The property is situated on a predominantly residential road, conveniently located for a range of local shops and amenities. The open spaces of Whittington Park are within easy reach.

Excellent transport links are available, with Archway Underground Station (Northern Line) and Drayton Park Rail Station both providing convenient access to Central London and beyond.

The property comprises an end of terrace building arranged to provide two self-contained residential flats, extending over the ground, first and second floors.

The accommodation comprises one two-bedroom flat at ground floor level and one four-bedroom flat arranged over the first and second floors.

Accommodation & Tenancy Schedule:

Flat A - Ground floor two bedroom flat
Approx. 68 sqm
Currently tenanted for £3300pcm

Flat B - First & second floor four bedroom flat
Approx. 116 sqm
Currently tenanted for £4000pcm

Current Rental Income
£7,300 per calendar month - £87,600 per annum

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. Please remember that the reservation fees are payable in addition to the sale price. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the 'legal pack', if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.